"Financial Report"：Financial Statement Analysis: Applications

下载正保会计网校APP 订阅最新报考消息

来源: 正保会计网校编辑：小鞠橘桔 2020/10/09 09:17:56　字体：大小

学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！

Questions 1:

The best description of a classified statement of financial position is one that:

A、 is supported by note disclosures relevant to understanding its components.

B、 distinguishes between current and non-current assets and liabilities.

C 、has not been audited.

Questions 2:

A credit analyst considers selected ratios calculated for three companies:

Financial Report：Financial Statement Analysis: Applications

Based on the information given, which company is most likely to receive the highest credit rating?

A 、Company C

B 、Company A

C 、Company B

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. Classified statements of financial position distinguish between current and non-current assets and liabilities. Classified statements are required under International Financial Reporting Standards unless a liquidity-based presentation provides more relevant and reliable information.

A is incorrect. Note disclosures are required under IFRS, but do not constitute classification on the face of the balance sheet.

C is incorrect. Classified is not a type of audit report.

【Answer to question 2】B

【analysis】

B is correct. Company A has the highest EBITDA/Average assets and the lowest Debt/ EBITDA. It is likely to receive the highest credit rating since these measures suggest it is best able to repay debt. Inventory turnover does not measure debt paying ability.

A is incorrect. Company C is less able to repay its debt based on its lower EBITDA/ Average Assets and its higher Debt/EBITDA.

C is incorrect. Company B is less able to repay its debt based on its lower EBITDA/ Average Assets and its higher Debt/EBITDA.

成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>

上一篇："Financial Report"：Income Taxes

下一篇："Financial Report"：Financial Reporting ...